Moneta Porcupine - Corporate Presentation December 2020

1. TSX: ME
OTC: MPUCF IXETRA: MOP
Investor Presentation
December 2020
EXPANDING GOLD RESOURCES IN THE
TIMMINS CAMP
OTC: MPUCF; Xetra: MOP
TSX : ME

2. Forward-Looking Statements
2
This presentation contains forward-looking information and forward-looking statements, collectively “forward-looking statements”. All
statements, other than statements of historical fact, that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration programs,
potential mineralization, future plans and objectives of the Company, updated to the mineral resources, and the timing and results
thereof) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company
based on information currently available to the Company.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the
availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations
affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other
risks involved in the mineral exploration industry.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements
are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
Gary O’Connor, FAusIMM is a qualified person under NI 43-101 and has reviewed and approved the contents of this presentation.
TSX : ME

3. Overview of Moneta
3TSX : ME
Ontario Focused Gold
Explorer in the
Timmins Camp
Excellent Neighbourhood:
FLAGSHIP ASSET
Golden Highway Project
Regional Resource Potential
• Attractive PEA on South West
• New discoveries in 2020
• Regional scale potential
• Drilling underway
• Significant resource update
• Major underground resource
• Large open pit resource
• Development options
Newmont, Pan American
Silver, McEwen Mining, Osisko
Mining and Kirkland Lake Gold

4. Moneta’s Highlights
4TSX : ME
Golden Highway Project has a Current Resource 1
of 2.1 million ounces of gold indicated and 3.2 million ounces gold inferred
Updated December 2020
217% increase in indicated ounces and 141% increase in inferred ounces
Excellent potential for expansion
Expanded development options
• 100% Ownership of Major Land Package consisting of 6 Gold Projects along
the Prolific Destor-Porcupine Fault Zone (DPFZ)
Existing Infrastructure to Support Future Gold Production Scenarios
• Good Neighbours: Newmont, McEwen Mining, Pan American Silver, Osisko
Mining and Kirkland Lake Gold
• 50% Ownership of Garrison Project JV with Kirkland Lake Gold
• Existing Infrastructure to Support Future Gold Production Scenarios
1. December 08 2020 Micon International Limited.
• South West PEA completed; Excellent economics
• No royalties or encumbrances on resources

5. Corporate Information
5TSX : ME
Shares Outstanding 346.6 Million 52 Week Range
High: $0.25
Low: $0. 06
Options ($0.22)
Warrants ($0.19)
15.3 Million
3.5 Million
December 11, 2020
Current Share Price $0.25
Fully Diluted 365.4 Million Market Capitalization $86.7 MM
Insiders have acquired shares in market in the last 12 months
Institutional Shareholders
Scotia (1832) Eric Sprott
Sprott Funds K2
Dundee Mackenzie/US Global
Analyst Coverage
Don Blyth Paradigm
George Topping IAG
Kerry Smith Haywood
Cash Position $7.2MM
Debt NilRetail
16%
Long Term
26%
Insiders
9%
Institutions
49%
OWNERSHIP

6. Leadership: Management & Directors
6TSX : ME
Management Team:
Gary O’Connor CEO
Jason Macintosh CFO, Corporate Secretary
Board of Directors:
Alex Henry Chairman
Ian Peres Executive Director
Kevin Heather Independent Director
Rod Cooper Independent Director
Alex Henry Independent Director
Mark Wayne Independent Director
Mark Ashcroft Independent Director
Josef Vejvoda Independent Director
Successful Track Record in Exploring, Developing and Producing
Team experience includes:

7. 6 Gold Projects in the Timmins Camp
7TSX : ME
• Timmins Gold Camp has produced >85Moz Gold over the last 100 years
• Canada’s most prolific gold producing camp: Under-utilized mills
• Excellent infrastructure (roads, power and local workforce)
• South West: PEA highlights excellent economics
Processing Plants
Golden Highway Project
Golden Highway Project

8. 8TSX : ME
Golden Highway Project
December 2020 Resource Update Footprint

9. Golden Highway: Drilling 2019/2020
TSX : ME 9
Golden Highway Project
• Test additional 2 km strike
• Expanded resource by 2km
• 18,000 m drilling
• 36 drill holes
2019/2020 Program
• Extended mineralization over
4km
• Expanded resources:
➢ Windjammer South
➢ 55
• New Discoveries
➢ Westaway Underground
• Defined open pit resources
➢ 55
➢ Windjammer South
Resource expansion drilling
2019/2020 Resource Expansion Drilling
Windjammer South
Westaway
55 Deposit

10. 10TSX : ME
Mineral Resource Update- December 2020
Golden Highway Project; Micon International
Open Pit Underground
Deposit Tonnes Grade Ounces Tonnes Grade Ounces
(t) (g/t) (oz) (t) (g/t) (oz)
South West
Indicated 4,530,000 4.07 592,400
Inferred 9,607,000 4.01 1,237,900
Windjammer South
Indicated 40,582,000 0.84 1,099,300 6,000 3.90 800
Inferred 28,956,000 1.10 1,027,700 143,000 4.06 18,700
Westaway
Indicated
Inferred 4,367,000 4.71 661,900
55
Indicated 9,896,000 1.30 412,600
Inferred 5,079,000 1.10 179,500 123,000 4.65 18,400
Discovery
Indicated 141,000 3.49 15,800
Inferred 658,000 4.00 84,700
Windjammer North
Indicated 182,000 3.98 23,300
Inferred 813,000 4.08 106,500
Total Indicated 50,478,000 0.93 1,511,900 4,859,000 4.05 632,300
Total Inferred 34,035,000 1.10 1,207,200 15,711,000 4.21 2,128,100

11. Golden Highway Resource Criteria
11TSX : ME
• Cut-off grades; 0.3 g/t Au for open pits, 2.6 g/t Au for the South West PEA underground mine plan and 3.0 g/t
Au for the underground mining scenario
• US$1,500/oz at exchange rate of USD$/CDN$ of 0.77.
• Capping: ranging from 6.0 g/t Au to 37.0 g/t Au applied on raw assays
• Composited assays into 1.0 m composites
• Ordinary Kriging (OK) model; 10mx5mx10m block size; sub-blocking as required
• Model constrained within geological wire-frames with a minimum width of 1.50m steep/ 5.0m flat veins
• Variogram for each structure with individual search ellipsoids varying from 60x50x20m to 150x100x20m
within each structure.
• Indicated Mineral resources were determined using a 60 to 90 m search ellipse and a minimum of four drill
holes.
• Bulk densities individually measured and calculated for each of the deposit areas, averaging 2.77 t/m³
• Mineral resource estimate is dated December 8, 2020.
Golden Highway Project; Micon International

12. 12TSX : ME
December 2020 Resource Update
2020 Resource Update Areas
December 2020
• No update at South West (PEA)
• Adjacent resources updated
➢ Windjammer South
➢ 55
➢ Westaway/West Block
➢ Discovery
➢ Windjammer North
➢ 2 stacked vein sets modelled
➢ Steep high grade
➢ Shallow dipping: thick low grade
South West
Westaway

13. Moneta Resource Estimate Highlights
13TSX : ME
Open Pit Resource 1
1.51 million ounces indicated and 1.21 million ounces gold inferred
Open pits limited by drilling
Excellent potential for expansion
55 & Windjammer South
Existing Infrastructure to Support Future Gold Production Scenarios
1. December 08 2020 Micon International Limited.
Underground Resource 1
0.63 million ounces indicated and 2.13 million ounces gold inferred
Increased overall grade
Excellent potential for expansion
Westaway, South West & Discovery
Golden Highway Project

14. Resource Geology: Long Section View
TSX : ME 14
Golden Highway Project; December 2020 Resource Update
• Underground Resources
➢ South West
➢ Westaway/West Block
➢ Discovery
➢ Windjammer North
Windjammer SouthSouth WestWestaway55
• Westaway
• 4.37Mt @ 4.71 g/t Au
• For 661,900 oz
• Open Pit Resources
➢ Windjammer South
➢ 55
• Westaway: New discovery-Steep veins only
View to North EastWest
500m

15. 55 Deposit: Open Pit
TSX : ME 15
“55” Open Pit
• Flat wide veins
• Steep high grade veins
• >0.30 g/t Au
• Strip: 8.5:1
• Ability to infill pit
• Open
➢ To South
➢ To East
➢ To West
▪ Not drilled
Golden Highway Project
• Indicated: 9.9Mt @ 1.30 g/t Au for 0.41Moz
• Inferred: 5.1Mt @ 1.10 g/t Au for 0.18Moz
Plan View
250m

16. 55 Deposit: Open Pit
TSX : ME 16
• Indicated: 9.9Mt @ 1.30 g/t Au for 0.41Moz
• Inferred: 5.1Mt @ 1.10 g/t Au for 0.18 Moz
Open
Golden Highway Project
View to NE
East
West

17. 55 Deposit: Long Section
17TSX : ME
Golden Highway Project
• Indicated: 9.9Mt @ 1.30 g/t Au for 0.41Moz
• Inferred: 5.1Mt @ 1.10 g/t Au for 0.18 Moz
View to South
Open
Open
Open
WestEast

18. Windjammer South: Open Pit
18TSX : ME
Golden Highway Project
Windjammer South
• Open Pit
• >0.30 g/t Au
• Strip: 6.3:1
• Ability to expand pit
• Ability to infill pit
• Drill constrained
• Open
➢ To North of BIF
➢ To North-East
➢ To South
➢ To South-West
▪ Not drilled
• Indicated: 40.6Mt @ 0.84 g/t Au for 1.10 Moz
• Inferred: 29.0Mt @ 1.10 g/t Au for 1.03 Moz
Open
Open
Open
Plan View
250m

19. Windjammer South: Long Section
19TSX : ME
Golden Highway Project
• Indicated: 40.6Mt @ 0.84 g/t Au for 1.10 Moz
• Inferred: 29.0Mt @ 1.10 g/t Au for 1.03 Moz
View to South WestEast
Shallow thick veins
Steep high grade veins
Open
Open

20. Golden Highway Mineral Resource
TSX : ME 20
December 2020 comparison vs September 2020 by Category
Resource estimate by Terry Hennessy of Micon International, December 2020
Indicated Inferred
Resource Tonnes Grade Ounces Au Tonnes Grade Ounces Au
Date (t) (g/t) (oz) (t) (g/t) (oz)
September 2020 5,110,000 4.12 676,900 10,781,000 4.00 1,386,600
December 2020 55,337,000 1.21 2,144,200 49,746,000 2.09 3,335,300
Difference 50,227,000 1,467,300 38,965,000 1,948,700
Percentage 983% 217% 361% 141%

21. 21TSX : ME
Resource: Selectivity by Cut-Off Grade
Global Mineral Inventory; Underground Only
Unclassified Mineral Inventory Underground
Cut-off Tonnes Grade Ounces
(g/t) (t) (g/t) (oz)
5.00 4,248,000 6.58 898,900
4.50 5,645,000 6.13 1,111,700
4.00 8,282,000 5.53 1,472,500
3.50 12,408,000 4.93 1,965,500
3.00 18,052,000 4.40 2,552,300
2.50 26,484,000 3.87 3,291,400
2.00 41,820,000 3.27 4,391,600
1.50 65,178,000 2.72 5,699,700
1.00 95,700,000 2.24 6,904,700
0.50 131,765,000 1.84 7,776,700

22. 22TSX : ME
Unclassified Mineral Inventory Open Pit
Cut-off Tonnes Grade Ounces
(g/t) (t) (g/t) (oz)
3.00 4,663,000 4.80 719,400
2.50 6,294,000 4.26 863,000
2.00 8,762,000 3.69 1,040,700
1.50 12,572,000 3.10 1,251,900
1.00 21,556,000 2.31 1,599,600
0.50 55,093,000 1.32 2,344,700
0.40 68,817,000 1.15 2,542,500
0.30 84,513,000 1.00 2,719,100
0.20 101,687,000 0.87 2,857,200
0.10 127,088,000 0.73 2,971,000
Resource: Selectivity by Cut-Off Grade
Global Mineral Inventory; Open Pit Only

23. Cut-Off Grade Parameters
23TSX : ME
Parameters Unit Value
Gold Price US$/oz 1,500
Exchange Rate US$/C$ 0.77
Mill Recovery % 92.00
Sell Cost C$/oz 5.00
Royalties % 0.00
Mining Cost C$/t mined 75.00
G&A Cost C$/t milled 15.00
Processing Cost C$/t milled 45.00
Transportation C$/t milled 10.00
Environment C$/t milled 5.00
Preferred Cut-Off Grade Au g/t 3.00
Underground Resources
South West PEA: 2.60 g/t cut-off

24. 24TSX : ME
Cut-Off Grade Parameters
Open Pit Resources
Parameters Unit Value
Gold Price US$/oz 1,500
Exchange Rate US$/C$ 0.77
Mill Recovery % 92.00
Sell Cost C$/oz 5.00
Royalties % 0.00
Mining Cost C$/t mined 2.75
G&A Cost C$/t milled 2.00
Processing Cost C$/t milled 12.00
Preferred Cut-Off Grade Au g/t 0.30

25. 25TSX : ME
South West PEA: Financial Results
Results Summary
Economics Pre-Tax Post-Tax
Net present value (NPV5%) C$ million $368.2 $236.4
Internal rate of return (IRR) % 39.2% 29.7%
Payback Period (undiscounted) years 2.9 years 3.4 years
LOM avg. annual cash flow C$ million $66.9 $48.6
LOM cumulative cash flow
(undiscounted)
C$ million $556.3 $371.3
Profitability Index NPV/Initial Capital 1.64
Peak Investment C$ million C$114.3
Initial Capital Costs C$ Million C$144.2
Sustaining Capital Costs (LOM) C$ Million C$135.7
Gold price assumption US$ per ounce US$1,500
Exchange rate US$/C$ 0.77
PEA Highlights
• After tax NPV5% of C$236MM
• After tax IRR of 30%
• At US$1,500/oz gold
• 3.4 year pay-back after tax
• Average C$49MM annual free cash flow
• C$371MM LOM after tax free cash flow
• US$590/oz after tax cash cost
• US$747/oz after tax AISC
• 1,750tpa mining rate
• Bulk underground mining
• 76,000oz/pa production
• 11 year mine life
Plus: Alternative Development Scenario
Toll Milling

26. Comparable Company Valuations
26TSX : ME
Moneta Porcupine; Golden Highway Project
6.27
0.64
1.76
0.49 4.05
6.62
2.79
7.49
8.8
1.62
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
8.0
0
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
850
900
950
1000
1050
Resource
(Moz)
Market Cap
($Million)
Market Cap Resource
Valuation Comparison
Average $/oz C$132

27. 27TSX : ME
Precedent Transactions
Moneta Porcupine; Golden Highway Project
5.67
3.19
4.66
8.51
5.18 6.04
8.69
5.38
1.66
1.37
0.90
13.64
5.33
1.62
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
$300.00
$350.00
$400.00
$450.00
$500.00
Richmont
Mines
(Alamos
Gold)
Klondex
(Hecla
Mining)
Lakeshore
Gold(Tahoe
Resources)
Claude
Resources
(Silver
Standard
Resources)
Probe
Mines
(Goldcorp)
Queenston
Mining
(Osisko)
IntegraGold
Corp
(Eldorado
Gold)
AVERAGE Romarco
(Oceana
Gold)
Kaminak
(Goldcorp)
Trelawney
Mining
(Iamgold)
Dalraidian
(Orion)
Barkerville
(Osisko)
Moneta
porcupine
Total Resource
(Moz)
Precedent Transactions Comparison (Price$/oz)
C$/oz Total Resource (oz) Average grade(g/t)

28. 28TSX : ME
Golden Highway: Next Steps
Continue to add value
• Regional drilling
• Drill test new targets
• 20,000 m to 30,000 m
• Resource Expansion drilling
➢ Westaway/West Block
➢ South West-Gap
➢ Discovery
➢ Windjammer South
• Model lower grade gold zones at SW
• Drill infill pits
➢ Lowers strip
➢ Increases ounces
• Update resource estimates
Golden Highway Project Plans

29. 29TSX : ME
Golden Highway: 2020/2021 Plans
Golden Highway Drill Plans Plans
Halfway: 1.80 m @ 7.48
g/t Au Inc. 0.77 m @
15.50 g/t Au
South BIF; 3.50 m @ 8.09 g/t Au
inc. 0.55 m @ 30.40 g/t Au
Westaway: 35.50 m @ 2.97
g/t Au inc 11.70 m @ 5.46
g/t Au
Twin Creeks
Westaway
East Fold
Halfway
Discovery
South Basin

30. TSX : ME
Pathway to Production*
30
* Estimated timeline. Forward looking statements - there can be no assurance that each or any of these objectives will be completed.
• Increased resources by 58% and
40% to 1.8 million gold ounces in
2019
• 2020 winter/spring drill program
completed
• Completed Preliminary
Economic Assessment(“PEA”)
Study
• Environmental Base-Line Study
underway
• Additional drill program 20,000m
commenced in October for
resource expansion
• Resource update
• Significant increase in resources
• Continue drill programs on
Golden Highway Project to
expand resources
• Expand resources
• Update resources
• Update PEA: Explore
development options
• Expanded development options
• Significantly increased production
profile
• Continue to expand drilling and
resources on additional 8
kilometres of prospective land
• Commence pre-feasibility study
• Complete Feasibility
• Permitting
• Expanded production profile and
development options
• Construction and development
• Production options
• Potentially 2 underground
operations
• One large open pit
• Advance the joint venture project with
Kirkland Lake Gold
2017-2020 2021-2022 2023-2035

31. Investment Highlights
31TSX : ME
Ontario Focused Gold
Explorer in the
Timmins Camp
Excellent Neighbourhood:
Golden Highway Project
Latest Resource in District
• Underground and open pit
• New gold discoveries
• Regional scale potential
• Short time-line to production
• Safe jurisdiction
• Large resource increase
• No royalties or encumbrances
• South West PEA completed
• Significant production profile
Newmont, Pan American
Silver, McEwen Mining, Osisko
Mining and Kirkland Lake Gold

32. 32TSX : ME
CORPORATE CONTACT
Moneta Porcupine Mines Inc.
65 Third Avenue
Timmins ON P4N 1C2
Tel: 1-705-264-2296 | Timmins
Tel: 1-647-456-9223 | Toronto
Email:larmstrong@monetaporcupine.com
monetaporcupine.com
TSX : ME